Unformatted text preview: The only 13-SEP-2007 way to raise the average is to raise the margin. As long as margin is above average, margin rises. Page 84 graph: product curve. o The curve has three different points: 1. The first is increasing at an increasing rate. 2. Increasing at a decreasing rate. 3. The output falls the production backfired. o The marginal product can be negative. o The average cannot be negative. ...
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- Fall '07
- Economics, Probability theory, margin rises